The conditions required to open a Hong Kong stock account on Futu Niu Niu are relatively simple. You only need to provide ID card, bank card, mobile phone number and other necessary information. The specific process: the user logs in to the APP on the mobile phone and enters the "online Go to the "Open an Account Quickly" page and follow the guidance to upload your ID card, bank card and other information; after submitting the application, you will enter the review process. Generally, the results will be available within five trading days. Once approved, the account opening is successful.
Futu Niu Niu is the official software of Futu Securities and can be used on different platforms, such as iOS, Android, etc. Futu Securities was established in Hong Kong in 2012. It is a licensed corporation recognized by the Hong Kong Securities Regulatory Commission and a participant of the Hong Kong Stock Exchange. It has been issued Type 1/2/4/9 licenses by the Hong Kong Securities Regulatory Commission.
When investing in Hong Kong stocks, you must understand the trading rules. For example, the trading hours of Hong Kong stocks from Monday to Friday are 9:30-12:00, 13:00-16:00; T+0 reversal transactions can be performed; no There are limits on the range of rise and fall; funds obtained from selling stocks can be delivered on T+2, etc. Since there is no limit on the range of rise and fall, investing in Hong Kong stocks faces higher risks.
The most important index in the Hong Kong stock market is the Hang Seng Index, which is compiled by Hang Seng Index Services Co., Ltd. and is calculated based on the market value of a number of constituent stocks (i.e. blue chip stocks). The index was first made public on November 24, 1969. Released, the base period is July 31, 1964. The base period index is set at 100. (Huawei nova82.0.0.218 Futu 11.32.4428)
The advantages and disadvantages of Tiger Brokers and Futu-discussing the strength of the license
Let’s first take a look at Tiger Brokers, the US subsidiary of Tiger Brokers It has become a member of the National Futures Association (NFA) (that is, it has obtained a U.S. futures business license) and can engage in securities brokerage, options brokerage and futures brokerage business. Previously, Tiger Brokers’ wholly-owned subsidiary in Singapore has also officially obtained a capital markets services license approved by the Monetary Authority of Singapore (MAS). By 2022, Tiger Brokers will have obtained nine financial licenses in the United States, Australia, New Zealand, Hong Kong, and Singapore, half of which are brokerage licenses or permits, laying an important foundation for its internationalization process.
Futu has obtained the highly valuable U.S. clearing license in June 2022. Holding a clearing license means that the company’s liquidation costs will be significantly reduced, and the company can independently carry out margin trading and securities lending business, and obtain more Increased income from financing and financing will further reduce reliance on commissions and improve the income structure. On July 22, Futu gained membership of the London Stock Exchange and Turquoise, becoming the first company in Asia to obtain membership of the two exchanges at the same time. On August 12, Futu Securities obtained the financial license to provide automated trading services (No. 7 license) issued by the Hong Kong Securities and Futures Commission (SFC) and became an automated trading service (ATS) provider. At this point, Futu Securities*** holds six types of financial licenses from the Hong Kong Securities Regulatory Commission (License No. 1/2/4/5/7/9). By 2022, Futu will have obtained 18 financial licenses through independent applications in Hong Kong, the United States, London, Singapore and other regions, and has become the Internet brokerage with the most licenses in the overseas financial industry. It can be seen from the above that Futu Securities has obvious advantages, far better than Tiger Securities.